Interest rates held as Bank warns of impact of high energy prices

The Bank has decided to hold interest rates steady, citing concerns over the impact of high energy prices. The last interest rate cut occurred in December, but recent upheaval in the Middle East has put further reductions on hold. High energy prices are now a major factor in the Bank's decision-making process, as they weigh the potential effects on the economy. The Bank's cautious approach reflects the uncertainty and volatility in global markets.

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